Feeds

Fortinet nabs wily Coyote and its slice of security appliance cake

Or perhaps we mean pie. Made of meaty customers, anyway

3 Big data security analytics techniques

Network security firm Fortinet has agreed to to acquire application delivery, load balancing and acceleration firm Coyote Point Systems. Financial terms of the deal, structured as a merged and announced on Friday, were not disclosed.

Fortinet is best known for its Unified Threat Management all-in-one security appliances, which are used by SMEs and the branch offices of larger corporates to handle gateway anti-virus, firewall, intrusion prevention and load balancing, among other functions. It also sells high-end firewalls and other security kit. Coyote Point was founded in 1999 and markets the Equalizer ADC (application delivery controller) product line.

There's some product overlap in the deal but Fortinet is trying to reassure Coyote Point customers that there'll be no immediate cull.

"No immediate changes will be made to Coyote Point product offerings, customer support and channel programs or any existing ADC products that Fortinet markets," it said in a statement.

According to latest stats from IDC, Fortinet leapfrogged McAfee in Q4 2012 to reach fourth spot in the overall security appliance market behind Cisco, Check Point and Juniper. The Coyote Point deal will help it to expand its portfolio in competition with the likes of Blue Coat, which also markets application delivery and web acceleration products.

The security appliance market, worth $2.3 billion worldwide in Q4 2012, is highly competitive with market leader Cisco only enjoying a $351 m (15.5 per cent) slice of the pie. Vendors who don't make the top five account for more than half (53.7 per cent) of the market, according to number crunchers at IDC, which adds that Blue Coat, Palo Alto Networks, Barracuda, Sourcefire, and Dell SonicWALL all enjoyed a strong Q4 2012. ®

3 Big data security analytics techniques

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Heartbleed exploit, inoculation, both released
File under 'this is going to hurt you more than it hurts me'
Reddit users discover iOS malware threat
'Unflod Baby Panda' looks to snatch Apple IDs
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.